Multiple Choice
A corporation uses the indirect method for preparing the Statement of Cash Flows. A fixed asset has been sold for $25,000 representing a gain of $4,500. The value in the operating activities section regarding this event would be:
A) $25,000
B) ($4,500)
C) $29,500
D) $4,500
Correct Answer:
Verified
Correct Answer:
Verified
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